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IPG Photonics

OverviewSuggest Edit

IPG Photonics is a manufacturer of high-power fiber lasers, fiber amplifiers, hybrid fiber, and solid-state lasers and diode laser. It serves a range of markets, including materials processing, advanced technologies, telecommunications and medical applications. The Company manufactures fiber lasers operating at 0.5 – 5 microns. It offers 1um and 1.5um fiber lasers and amplifiers, 2-5 microns mid-IR lasers.
TypePublic
Founded1990
HQOxford, USMap
Websiteipgphotonics.com
Employee Ratings2.9More
View Jobs (22)

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Latest Updates

Employees (est.) (Dec 2018)6,220(+24%)
Job Openings22
Revenue (FY, 2018)$1.5 B(+4%)
Share Price (Nov 2019)$148

Key People/Management at IPG Photonics

Valentin P. Gapontsev

Valentin P. Gapontsev

Chief Executive Officer and Chairman of the Board
Eugene Scherbakov

Eugene Scherbakov

Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director
Timothy P.V. Mammen

Timothy P.V. Mammen

Chief Financial Officer and Senior Vice President
Igor Samartsev

Igor Samartsev

Chief Technology Officer of IPG, Deputy General Manager of NTO IRE-Polus and Director
Angelo P. Lopresti

Angelo P. Lopresti

General Counsel, Secretary and Senior Vice President
Alexander Ovtchinnikov

Alexander Ovtchinnikov

Senior Vice President, Components
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IPG Photonics Office Locations

IPG Photonics has offices in Oxford, Anaheim, Birmingham, Dallas and in 29 other locations
Oxford, US (HQ)
50 Old Webster Rd
Anaheim, US
3150 La Palma Ave
Birmingham, US
100 Lucerne Ln
Dallas, US
3400 Carlisle St #210
Marlborough, US
377 Simarano Dr, Marlborough
Minneapolis, US
5110 Main St NE
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IPG Photonics Financials and Metrics

IPG Photonics Revenue

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IPG Photonics's revenue was reported to be $1.46 b in FY, 2018 which is a 3.6% increase from the previous period.
USD

Revenue (Q3, 2019)

329.1m

Gross profit (Q3, 2019)

152.9m

Gross profit margin (Q3, 2019), %

46.4%

Net income (Q3, 2019)

57.1m

EBIT (Q3, 2019)

74.1m

Market capitalization (7-Nov-2019)

7.8b

Closing stock price (7-Nov-2019)

148.0

Cash (30-Sep-2019)

580.3m

EV

7.3b
IPG Photonics's current market capitalization is $7.8 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

1.0b1.4b1.5b

Revenue growth, %

12%40%4%

Cost of goods sold

453.9m612.0m659.6m

Gross profit

552.2m796.9m800.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

285.8m369.4m392.6m359.9m413.6m356.3m315.0m363.8m329.1m

Cost of goods sold

128.6m163.1m168.1m156.5m178.6m161.2m166.1m183.5m176.3m

Gross profit

157.3m206.3m224.6m203.4m235.0m195.2m148.9m180.2m152.9m

Gross profit Margin, %

55%56%57%57%57%55%47%50%46%
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Annual
USDFY, 2016FY, 2017FY, 2018

Cash

623.9m909.9m544.4m

Accounts Receivable

155.9m237.3m255.5m

Prepaid Expenses

41.3m47.9m57.8m

Inventories

239.0m307.7m403.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

697.8m808.1m880.3m969.1m816.8m647.6m548.9m530.0m580.3m

Accounts Receivable

180.2m237.3m226.8m235.5m242.1m251.6m231.9m273.7m252.9m

Prepaid Expenses

44.1m44.5m46.7m54.7m51.9m50.0m61.4m70.7m

Inventories

261.9m260.7m282.5m356.4m376.0m397.4m417.8m426.0m417.2m
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Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

260.7m347.6m404.2m

Depreciation and Amortization

51.5m64.6m80.3m

Inventories

(53.6m)(71.1m)(135.4m)

Accounts Payable

(407.0k)2.3m(1.4m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

74.9m179.0m294.6m106.3m228.0m328.7m54.9m127.4m184.6m

Depreciation and Amortization

14.5m29.7m46.4m19.2m38.7m58.9m22.8m47.5m72.5m

Inventories

(22.4m)(25.8m)(39.7m)(49.7m)(91.0m)(122.1m)(19.7m)(40.8m)(51.0m)

Accounts Payable

(1.6m)1.9m3.4m1.1m9.5m(1.3m)2.0m(445.0k)(8.1m)
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USDY, 2019

EV/EBIT

98.6 x

EV/CFO

37.8 x

Financial Leverage

1.1 x
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IPG Photonics Operating Metrics

IPG Photonics's Backlog was reported to be $712.3m in FY, 2018. IPG Photonics's Units Shipped was reported to be 43 k in FY, 2018. IPG Photonics's Enterprise Customers was reported to be 4.3 k in FY, 2018.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Enterprise Customers

2.70 k3.05 k3.20 k3.75 k4.30 k

Units Shipped

24.80 k32.80 k37.50 k46 k43 k

Backlog

$321 m$442.50 m$413.90 m$743.60 m$712.30 m

Patents Issued

170 200 240 270 350
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IPG Photonics Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Laser Depth DynamicsDecember 04, 2017
Innovative Laser TechnologiesJune 19, 2017$40 m
Menara NetworksMay 09, 2016
JPSASeptember 04, 2012
IPG Laser GmbH
NTO IRE-Polus

IPG Photonics Revenue Breakdown

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IPG Photonics revenue breakdown by business segment: 5.9% from Other Applications and 94.1% from Materials Processing

IPG Photonics revenue breakdown by geographic segment: 43.1% from China, 13.9% from North America, 8.7% from Other Asia and Australia, 6.0% from Japan, 20.3% from Other Europe including Eastern Europe/CIS, 7.6% from Germany and 0.3% from Other

IPG Photonics Online and Social Media Presence

IPG Photonics's Trends

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IPG Photonics News and Updates

October 29, 2019

IPG Photonics Announces Third Quarter 2019 Financial Results

OXFORD, Mass., Oct. 29, 2019 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the third quarter ended September 30, 2019.
August 12, 2019

Why It's Wise To Bet That IPG Photonics Stock Will Fall Further

IPG Photonics used to be a booming company -- but trade war and oligarchs list have taken the wind from its sails
July 30, 2019

IPG Photonics Announces Second Quarter 2019 Financial Results

OXFORD, Mass., July 30, 2019 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the second quarter ended June 30, 2019.
July 16, 2019

Global Laser Diode Market Outlook to 2024: Led by Coherent, IPG Photonics, OSRAM Licht, Trumpf, and Jenoptik

DUBLIN, July 16, 2019 /PRNewswire/ -- The "Laser Diode Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering. The global laser diode market reached a value of US$ 7.61 Billion in 2018. The market ...
February 12, 2019

IPG Photonics Announces Fourth Quarter 2018 Financial Results

OXFORD, Mass., Feb. 12, 2019 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the fourth quarter ended December 31, 2018.
January 22, 2019

IPG Photonics Announces Agreement to Acquire Padtec Submarine Networks Division

Acquisition will leverage core IPG fiber amplifier technology to advance the market for submarine networking systems Acquisition will leverage core IPG fiber amplifier technology to advance the market for submarine networking systems
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 IPG Photonics Frequently Asked Questions

  • When was IPG Photonics founded?

    IPG Photonics was founded in 1990.

  • Who are IPG Photonics key executives?

    IPG Photonics's key executives are Valentin P. Gapontsev, Eugene Scherbakov and Timothy P.V. Mammen.

  • How many employees does IPG Photonics have?

    IPG Photonics has 6,220 employees.

  • What is IPG Photonics revenue?

    Latest IPG Photonics annual revenue is $1.5 b.

  • What is IPG Photonics revenue per employee?

    Latest IPG Photonics revenue per employee is $234.7 k.

  • Who are IPG Photonics competitors?

    Competitors of IPG Photonics include Thorlabs, Lumentum and Coherent.

  • Where is IPG Photonics headquarters?

    IPG Photonics headquarters is located at 50 Old Webster Rd, Oxford.

  • Where are IPG Photonics offices?

    IPG Photonics has offices in Oxford, Anaheim, Birmingham, Dallas and in 29 other locations.

  • How many offices does IPG Photonics have?

    IPG Photonics has 35 offices.